cash for clunkers

Cash for Clunkers Kicks Off!

Posted on 07/30/2009 by |General News | Comments

Money & SavingsIt looks like the Car Allowance Rebate System (CARS) or otherwise known as “Cash for Clunkers” has launched this week. For those who don’t know, CARS basically does this: the government buys back old cars (which get a combined average mileage of 18 miles a gallon or less) from folks to scrap, and the seller gets $4,500 toward the purchase or lease of a new fuel-efficient car. Not a bad deal to help the environment, right? Via the New York …